Contract theory largely abstracts from individual differences in the ability to design contracts. We argue that the relative expertise of contracting parties strongly affects contractual outcomes. Using unique data on company acquisition contracts, we document that lawyers with higher expertise...

In this contribution, we highlight the potential for quantum theories to reignite the art and science of expert systems and knowledge engineering. With their fundamental grounding in uncertainty and unpredictability, quantum concepts are able to expand theoretical and practical boundaries of...

Speaking of "smart" technologies we may avoid the mysticism of terms like "artificial intelligence" (AI). To situate "smartness" I nevertheless explore the origins of smart technologies in the research domains of AI and cybernetics. Based in postphenomenological philosophy of technology and...

Artificial Intelligence as a Service (AIaaS) is the outsourcing of an external artificial intelligence (AI) company. AI as a service allows people and companies to try AI for a variety of purposes without much initial investment and little risk. The test could allow for the sampling of multiple...

A method for training artificial neural networks for intelligent decision support systems has been developed. The method provides training not only of the synaptic weights of the artificial neural network, but also the type and parameters of the membership function, architecture and parameters...